Power Bank Market

Power Bank Market by Capacity (1,000–5,000 mAh, 5,001–10,000 mAh, 10,001–15,000 mAh, 15,001–20,000 mAh, Above 20,001 mAh), Units of USB Port, Indicator, Battery Type, Application (Smartphone, Tablet, Wearable Device), and Region - Global Forecast to 2024

Report Code: SE 3634 May, 2020, by marketsandmarkets.com
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[194 Pages Report] The power bank market was valued at USD 10.7 billion in 2019 and is projected to reach USD 17.9 billion by 2024, at a CAGR of 10.8% from 2019 to 2024. The power bank market registered a shipment of 238 million units in 2018 and is projected to reach 730 million units by 2024; it is expected to grow at a CAGR of 20.1% during the forecast period. Major driving factors for the market include the increasing usage of smartphones and tablets, decline in the price of power banks, advancement in technology, and electric outage in certain countries.

A power bank is a portable device used as an external power source for recharging electronic devices. It stores electrical energy in its batteries and then supplies this energy as output to recharge other devices. These power banks are commonly used to recharge USB-powered devices such as digital cameras, smartphones, MP3 players, fitness bands, and others. Portable power banks have emerged a vital external energy source for consumer electronics as they are able to supply power to recharge devices on the move.

Power Bank Market

Power Banks with capacity ranging 10,001–15,000 mAh to grow at highest CAGR during the forecast period

Power banks with capacity ranging 10,001–15,000 mAh have longer battery life and high-efficiency output. These power banks in most cases offer two or multiple USB output ports, which enable users to recharge two to three devices simultaneously—a major attraction among consumers. Despite the large weight and size of these power banks, they come with a lot of additional features such as DC output ports used to recharge laptops, USB Type C ports, and Quick charge functionality. A few of these power banks are also equipped with safeguard technologies that prevent overcharging and short circuit.

Power Bank Market

Power bank market for wearable devices to grow at highest CAGR during forecast period

The power bank market for wearable devices is expected to grow at the highest CAGR during the forecast period. The increasing demand for smartwatches and fitness bands has given rise to the development of innovative product designs and the adoption of compact batteries that have relatively lower capacity as compared with other consumer electronic devices. Most wearable devices are wireless and require power to operate at all times; batteries in these devices are not likely to last long with its increasing functionalities. Wearable devices can be conveniently recharged on-the-go using a power bank, thereby enabling devices to last longer.

Power Bank Market

APAC to hold largest share of power bank market in 2019

APAC accounted for the largest share of the power bank market in 2018. The market in APAC is expected to grow at the highest CAGR from 2019 to 2024. APAC is the most attractive business destination for power bank manufacturers due to the growing smartphone market in this region. The region also has the presence of prominent players of power banks. The manufacturers in China and India offer power banks at a low price, making them affordable for customers. Many international players get their power banks manufactured and assembled by local manufacturers based in the region and then brand their name. The region holds many highly populated countries, which account for a high adoption rate of consumer electronics. Also, increasing per capita income in developing countries in the region as well as the improving standard of living have led to a growing demand for smartphones and the rising popularity of wearable devices. These factors are fuelling the market growth of power banks in APAC.

Market Dynamics

Driver: Decline in price of power banks

The power bank market has become highly competitive with the presence of a large number of players and an increasing number of new entrants in the market. The companies are reducing the prices of their power banks to remain competitive and increase their customer base. For instance, since 2018, the 20,000 mAh Mi Power Bank 2i price in India declined and now retails for USD 21.8. Additionally, companies are innovating their products and focusing on launching power banks with newer technologies, which, in turn, reduce the price for older versions of power banks. Moreover, the drop in prices would not just increase the consumer base but would also affect the pricing of products provided by competitors.

Restraint: Poor quality of power banks

Recently, a large number of players have ventured into the power bank market and are providing power banks of various capacities, prices, and designs. However, not all power banks are of superior quality as it is observed that a few power banks do not even last for six months. Poor-quality power banks can cause overheating, reduce a phone’s battery life, and in the worst scenario, may even explode. These are mostly priced low to attract consumers. A few manufacturers use recycled batteries, which, in turn, increase the risk of explosion. Thus, poor-quality power banks can hinder the growth of the market.

Opportunity: Development of solar and hydrogen fuel cell-based power banks

Direct electricity is not the only source of power for power banks that are used to recharge the batteries of electronic devices, such as smartphones, tablets, and laptops. Apart from electric power banks, various companies are manufacturing power banks that are powered by solar energy or hydrogen fuel cells. Solar power banks are an effective solution during power outages. Solar power banks are excellent solutions that utilize a renewable source of energy and can function without any disruption. It does not contribute to environmental pollution and is user-friendly. These factors are expected to significantly increase the adoption of solar power banks.

Challenge: Li-ion batteries’ recycling cost

The power banks are manufactured using Li-ion or Li-polymer batteries. Among these, the recycling process of Li-ion batteries is significantly expensive and complex because it includes discharging, disassembly, mechanical, hydrometallurgical, and pyro-metallurgical processes. The extracting cost of lithium from recycling is ~5 times more than mining lithium. Thus, the cost factor makes the recycling of Li-ion batteries uneconomical for manufacturers.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2024

Historical year considered

2017

Base year considered

2018

Forecast period

2019–2024

Forecast units

USD million (Value) and million units (Volume)

Segments covered

Battery type, Unit of USB Port, Indicator, Capacity, Application, and Region

Geographies covered

North America, Europe, APAC, and RoW

Companies covered

Anker Innovations (China), AUKEY (China), Xiaomi (China), ADATA (Taiwan), RAVPower (US), GRIFFIN (US), Lenovo (China), mophie (US), AMBRANE (India), and INTEX (India), among other players. A total of 25 major players covered.

In this report, the power bank market has been segmented into the following categories:

By Battery Type

  • Lithium-Ion (Li-Ion) Battery
  • Lithium Polymer (Li-Polymer) Battery

By Unit of USB Port

  • 1 USB Port
  • 2 USB Ports
  • More than 2 USB Ports

By Indicator

  • LED Lighting
  • Digital Display

By Capacity

  • 1,000–5,000 mAh
  • 5,001–10,000 mAh
  • 10,001–15,000 mAh
  • 15,001–20,000 mAh
  • Above 20,001 mAh

By Application

  • Smart Phone
  • Tablet
  • Laptop
  • Portable Media Device
  • Wearable Device
  • Digital Camera
  • Others (handheld gaming devices, GPS navigators, and E-readers)

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Rest of the World
    • South America
    • Middle East
    • Africa

Key Market Players

Anker Innovations (China), AUKEY (China), Xiaomi (China), ADATA (Taiwan), RAVPower (US)

Recent Developments

  • In July 2019, Xiaomi launched the first Redmi-branded power banks, namely PB 100LZM and PB 200LZM, in China on July 23, 2019. These power banks are equipped with 2 USB ports, have battery capacity ranging 10,000–20,000 mAh, and are slim.
  • In June 2019, mophie launched the power station hub portable battery of 6,100 mAh capacity; it is versatile and can be used as a wall outlet hub at home or office.
  • In May 2019, ADATA launched 2 power banks—S20000D and S10000. These power banks are lightweight, Li-polymer-powered, dual-USB port, with a high conversion rate, which can charge 2 mobile devices at a time.
  • In June 2018, Anker partnered with Nintendo (Japan), a video game company, to launch power banks for providing additional playtime of 15 h to Nintendo Switch gamers.
  • In September 2017, GRIFFIN collaborated with 5.11 Tactical (US) to provide equipment named “Griffin Survivor: 5.11 Tactical Edition Rugged Mobile” for firefighters, emergency management, and military personnel, along with mobile accessories such as iPhone 7 Plus cases, portable power banks, and connectivity solutions.

Critical questions the report answers:

  • Where will all the advancements in technology offered by various companies take the industry in the mid- to long-term?
  • Which segment or region will lead the power bank market and why?
  • Which are the major players leading the power bank market, and what initiatives have they undertaken over the past few years?
  • What are the adjacencies that companies can leverage or explore in the power bank market?

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 20)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Market Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 24)
    2.1 Research Data
           2.1.1 Secondary and Primary Research
           2.1.2 Secondary Data
                    2.1.2.1 Secondary Sources
           2.1.3 Primary Data
                    2.1.3.1 Primary Sources
                    2.1.3.2 Key Industry Insights
                    2.1.3.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 34)

4 Premium Insights (Page No. - 38)
    4.1 Attractive Growth Opportunities in Power Bank Market
    4.2 Market, By Capacity
    4.3 Market, By Battery Type
    4.4 Market, By Application
    4.5 Market in North America, By Country and Capacity

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Integration of Advanced Technology in Power Banks
                    5.2.1.2 Increase in Power Consumption of Smartphones
                    5.2.1.3 Decline in Price of Power Banks
           5.2.2 Restraints
                    5.2.2.1 Poor Quality of Power Banks
           5.2.3 Opportunities
                    5.2.3.1 Growth in the Adoption of Wearable Devices
                    5.2.3.2 Development of Solar and Hydrogen Fuel Cell-Based Power Banks
           5.2.4 Challenges
                    5.2.4.1 Complex Design Process
                    5.2.4.2 Highly Competitive Market
                    5.2.4.3 Li-Ion Batteries’ Recycling Cost
    5.3 Value Chain Analysis

6 Energy Sources of Power Banks (Page No. - 47)
    6.1 Introduction
    6.2 Electric
           6.2.1 Key Player are Integrating New Technologies in Electric Power Banks
    6.3 Solar
           6.3.1 Solar Power Banks: A Disaster Recovery Solution

7 Power Bank Market, By Capacity (Page No. - 49)
    7.1 Introduction
    7.2 1,000–5,000 mAh
           7.2.1 Compact Power Banks for Smartphones
    7.3 5,001–10,000 mAh
           7.3.1 Power Banks With Capacity Ranging 5,001–10,000 mAh Hold Highest Demand in the Market During Forecast Period
    7.4 10,001–15,000 mAh
           7.4.1 Power Banks With Capacity Ranging 10,001–15,000 mAh to have High Demand in Coming Years
    7.5 15,001–20,000 mAh
           7.5.1 Power Banks With Capacity Ranging 15,001–20,000 mAh are Equipped With Advanced Protection Technology and have Longer Battery Life
    7.6 Above 20,001 mAh
           7.6.1 Super-Fast Charging Power Bank Equipped With High-Quality Battery Cell

8 Power Bank Market, By Battery Type (Page No. - 75)
    8.1 Introduction
    8.2 Lithium-Ion Battery
           8.2.1 High Energy Density Key Advantage of Lithium-Ion Battery
    8.3 Lithium-Polymer Battery
           8.3.1 Growing Demand for Lightweight Power Banks Increases Demand for Li-Polymer Batteries

9 Power Bank Market, By Indicator (Page No. - 81)
    9.1 Introduction
    9.2 Led Lighting
           9.2.1 Led Indicator Most Adopted Type By Manufacturers
    9.3 Digital Display
           9.3.1 Power Banks With Digital Display Witness High Growth Opportunity

10 Power Bank Market, By Unit of USB Port (Page No. - 86)
     10.1 Introduction
     10.2 1 USB Port
             10.2.1 Power Banks With 1 USB Port Mostly Feature Low Battery Capacity
     10.3 2 USB Ports
             10.3.1 Power Banks With Dual USB Ports are Prefered
     10.4 More Than 2 USB Ports
             10.4.1 Usage of USB Hub Mode for Multi-Port Power Banks

11 Power Bank Market, By Application (Page No. - 92)
     11.1 Introduction
     11.2 Smartphone
             11.2.1 Smartphone Application Holds Largest Share of Power Bank Market
     11.3 Tablet
             11.3.1 Power Banks are Used to Proivde Uninterruptable Power Supply for Tablets
     11.4 Laptop
             11.4.1 Power Banks Ensure Long Usage Without Interruption in Laptops
     11.5 Wearable Device
             11.5.1 Most Wearable Devices are Wireless and Portable, Requiring Continuous Supply of Power
     11.6 Digital Camera
             11.6.1 Digital Cameras Use Power Banks as External Power Source
     11.7 Portable Media Device
             11.7.1 Portable Media Players Require More Battery Life Due to Faster Data Connectivity and Subsequent Increase in Digital Content
     11.8 Others
             11.8.1 Gaming Devices, Gps Navigators, and E-Readers Require Power Banks to Reduce Dependency on Fixed Electrical Outlet

12 Geographic Analysis (Page No. - 116)
     12.1 Introduction
     12.2 North America
             12.2.1 US
                        12.2.1.1 Accounted for Largest Share for Power Bank Market in North America
             12.2.2 Canada
                        12.2.2.1 Major Applications Such as Smartphones and Tablets Driving Growth of This Market
             12.2.3 Mexico
                        12.2.3.1 Mexico Expected to Be Lucrative Market for Power Banks
     12.3 Europe
             12.3.1 Germany
                        12.3.1.1 Germany Invests Extensively in R&D of Battery Production Due to Which It Holds Strong Market Value
             12.3.2 UK
                        12.3.2.1 Increasing Demand for Smart Wearable Electronics and Smartphones in This Country.
             12.3.3 France
                        12.3.3.1 France Depicts Significant Growth in Smartphone, Internet Use, and Internet-Connected Mobile Devices
             12.3.4 Rest of Europe
     12.4 APAC
             12.4.1 China
                        12.4.1.1 China has Major Presence of Power Bank Manufacturers
             12.4.2 Japan
                        12.4.2.1 Players Based in Japan Focus on Differentiating Their Products From Other Manufacturers
             12.4.3 South Korea
                        12.4.3.1 South Korea has Presence of Major Battery Manufacturers Designing Lithium Batteries for Power Banks
             12.4.4 India
                        12.4.4.1 India Presents Huge Opportunity for Power Bank Market
             12.4.5 Rest of APAC
     12.5 RoW
             12.5.1 Middle East & Africa
                        12.5.1.1 Increasing Demand for Wearables and Growing Penetration of Smartphones and Tablets
             12.5.2 South America
                        12.5.2.1 South America is Among Developing Markets for Power Banks

13 Competitive Landscape (Page No. - 148)
     13.1 Overview
     13.2 Ranking Analysis, 2018
     13.3 Competitive Leadership Mapping
             13.3.1 Visionary Leaders
             13.3.2 Innovators
             13.3.3 Dynamic Differentiators
             13.3.4 Emerging Companies
     13.4 Competitive Situations and Trends
             13.4.1 Product Launches and Developments
             13.4.2 Others

14 Company Profiles (Page No. - 154)
     14.1 Key Players
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
             14.1.1 Adata
             14.1.2 Anker Innovations
             14.1.3 Aukey
             14.1.4 Xiaomi
             14.1.5 Ravpower
             14.1.6 Griffin
             14.1.7 Lenovo
             14.1.8 Mophie
             14.1.9 Ambrane
             14.1.10 Intex
* Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
     14.2 Other Companies
             14.2.1 Mycharge
             14.2.2 Omnicharge
             14.2.3 Iwalk
             14.2.4 Easyacc
             14.2.5 Duracell
             14.2.6 Sony
             14.2.7 Syska
             14.2.8 Tp-Link Techologies
             14.2.9 UIMI
             14.2.10 UNU
             14.2.11 Voltaic Systems
             14.2.12 PNY
             14.2.13 Zendure
             14.2.14 Philips
             14.2.15 Romoss

15 Appendix (Page No. - 187)
     15.1 Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Available Customizations
     15.5 Related Reports
     15.6 Author Details


List of Tables (150 Tables)
 
Table 1 Power Bank Market, in Terms of Value and Volume, 2017–2024
Table 2 Global Shipment of Wearable Devices, 2017–2022 (Million Units)
Table 3 Power Bank Market, By Capacity, 2017–2024 (USD Billion)
Table 4 1,000–5,000 mAh Power Bank Market, By Battery Type, 2017–2024 (USD Million)
Table 5 1,000–5,000 mAh Market, By Unit of USB Port, 2017–2024 (USD Million)
Table 6 1,000–5,000 mAh Market, By Indicator, 2017–2024 (USD Million)
Table 7 1,000–5,000 mAh Market, By Application, 2017–2024 (USD Million)
Table 8 1,000–5,000 mAh Market, By Region, 2017–2024 (USD Million)
Table 9 1,000–5,000 mAh Market in North America, By Country, 2017–2024 (USD Million)
Table 10 1,000–5,000 mAh Power Bank Market in Europe, By Country, 2017–2024 (USD Million)
Table 11 1,000–5,000 mAh Market in APAC, By Country, 2017–2024 (USD Million)
Table 12 1,000–5,000 mAh Market in RoW, By Region, 2017–2024 (USD Million)
Table 13 5,001–10,000 mAh Power Bank Market, By Battery Type, 2017–2024 (USD Billion)
Table 14 5,001–10,000 mAh Market, By Unit of USB Port, 2017–2024 (USD Billion)
Table 15 5,001–10,000 mAh Market, By Indicator, 2017–2024 (USD Million)
Table 16 5,001–10,000 mAh Market, By Application, 2017–2024 (USD Million)
Table 17 5,001–10,000 mAh Market, By Region, 2017–2024 (USD Million)
Table 18 5,001–10,000 mAh Market in North America, By Country, 2017–2024 (USD Million)
Table 19 5,001–10,000 mAh Market in Europe, By Country, 2017–2024 (USD Million)
Table 20 5,001–10,000 mAh Market in APAC, By Country, 2017–2024 (USD Million)
Table 21 5,001–10,000 mAh Market in RoW, By Region, 2017–2024 (USD Million)
Table 22 10,001–15,000 mAh Power Bank Market, By Battery Type, 2017–2024 (USD Million)
Table 23 10,001–15,000 mAh Market, By Unit of USB Port, 2017–2024 (USD Million)
Table 24 10,001–15,000 mAh Market, By Indicator, 2017–2024 (USD Million)
Table 25 10,001–15,000 mAh Market, By Application, 2017–2024 (USD Million)
Table 26 10,001–15,000 mAh Market, By Region, 2017–2024 (USD Million)
Table 27 10,001–15,000 mAh Market in North America, By Country, 2017–2024 (USD Million)
Table 28 10,001–15,000 mAh Market in Europe, By Country, 2017–2024 (USD Million)
Table 29 10,001–15,000 mAh Market in APAC, By Country, 2017–2024 (USD Million)
Table 30 10,001–15,000 mAh Market in RoW, By Region, 2017–2024 (USD Million)
Table 31 15,001–20,000 mAh Power Bank Market, By Battery Type, 2017–2024 (USD Billion)
Table 32 15,001–20,000 mAh Market, By Unit of USB Port, 2017–2024 (USD Million)
Table 33 15,001–20,000 mAh Market, By Indicator, 2017–2024 (USD Million)
Table 34 15,001–20,000 mAh Market, By Application, 2017–2024 (USD Million)
Table 35 15,001–20,000 mAh Market, By Region, 2017–2024 (USD Million)
Table 36 15,001–20,000 mAh Market in North America, By Country, 2017–2024 (USD Million)
Table 37 15,001–20,000 mAh Market in Europe, By Country, 2017–2024 (USD Million)
Table 38 15,001–20,000 mAh Market in APAC, By Country, 2017–2024 (USD Million)
Table 39 15,001–20,000 mAh Market in RoW, By Region, 2017–2024 (USD Million)
Table 40 Above 20,001 mAh Power Bank Market, By Battery Type, 2017–2024 (USD Million)
Table 41 Above 20,001 mAh Market, By Unit of USB Port, 2017–2024 (USD Million)
Table 42 Above 20,001 mAh Market, By Indicator, 2017–2024 (USD Million)
Table 43 Power Bank Market With Capacity Above 20,001 mAh, By Application, 2017–2024 (USD Million)
Table 44 Above 20,001 mAh Market, By Region, 2017–2024 (USD Million)
Table 45 Above 20,001 mAh Market in North America, By Country, 2017–2024 (USD Million)
Table 46 Above 20,001 mAh Market in Europe, By Country, 2017–2024 (USD Million)
Table 47 Above 20,001 mAh Market in APAC, By Country, 2017–2024 (USD Million)
Table 48 Above 20,001 mAh Market in RoW, By Region, 2017–2024 (USD Million)
Table 49 Power Bank Market, By Battery Type, 2017–2024 (USD Billion)
Table 50 Market for Lithium-Ion Batteries, By Capacity, 2017–2024 (USD Billion)
Table 51 Market for Lithium Ion Battery Type, By Region, 2016–2024 (USD Billion)
Table 52 Market for Lithium-Polymer Batteries, By Capacity, 2017–2024 (USD Million)
Table 53 Market for Lithium-Polymer Batteries, By Region, 2016–2024 (USD Million)
Table 54 Power Bank Market, By Indicator, 2017–2024 (USD Billion)
Table 55 Market With Led Indicator, By Capacity, 2017–2024 (USD Billion)
Table 56 Market With Digital Display, By Capacity, 2017–2024 (USD Million)
Table 57 Market, By Unit of USB Port, 2017–2024 (USD Billion)
Table 58 Market for Power Banks With 1 USB Port, By Capacity, 2017–2024 (USD Million)
Table 59 Market for Power Banks With 2 USB Ports, By Capacity, 2017–2024 (USD Million)
Table 60 Market for Power Banks With More Than 2 USB Ports, By Capacity, 2017-2024 (USD Million)
Table 61 Power Bank Market, By Application, 2017–2024 (USD Million)
Table 62 Market for Smartphone Applications, By Capacity, 2017–2024 (USD Million)
Table 63 Market for Smartphone Applications, By Region, 2017–2024 (USD Million)
Table 64 Market for Smartphone Applications in North America, By Country, 2017–2024 (USD Million)
Table 65 Market for Smartphone Applications in Europe, By Country, 2017–2024 (USD Million)
Table 66 Market for Smartphone Applications in APAC, By Country, 2017–2024 (USD Million)
Table 67 Market for Smartphone Applications in RoW, By Country, 2017–2024 (USD Million)
Table 68 Power Bank Market for Tablet Applications, By Capacity, 2017–2024 (USD Million)
Table 69 Market for Tablet Applications, By Region, 2017–2024 (USD Million)
Table 70 Market for Tablet Applications in North America, By Country, 2017–2024 (USD Million)
Table 71 Market for Tablet Applications in Europe, By Country, 2017–2024 (USD Million)
Table 72 Market for Tablet Applications in APAC, By Country, 2017–2024 (USD Million)
Table 73 Market for Tablet Applications in RoW, By Region, 2017–2024 (USD Million)
Table 74 Power Bank Market for Laptop Applications, By Capacity, 2017–2024 (USD Million)
Table 75 Market for Laptop Applications, By Region, 2017–2024 (USD Million)
Table 76 Market for Laptop Applications in North America, By Country, 2017–2024 (USD Million)
Table 77 Market for Laptop Applications in Europe, By Country, 2017–2024 (USD Million)
Table 78 Market for Laptop Applications in APAC, By Country, 2017–2024 (USD Million)
Table 79 Market for Laptop Applications in RoW, By Region, 2017–2024 (USD Million)
Table 80 Power Bank Market for Wearable Device Applications, By Capacity, 2017–2024 (USD Million)
Table 81 Market for Wearable Device Applications, By Region, 2017–2024 (USD Million)
Table 82 Market for Wearable Device Applications in North America, By Country, 2017–2024 (USD Million)
Table 83 Market for Wearable Device Applications in Europe, By Country, 2017–2024 (USD Million)
Table 84 Market for Wearable Device Applications in APAC, By Country, 2017–2024 (USD Million)
Table 85 Market for Wearable Device Applications in RoW, By Region, 2017–2024 (USD Million)
Table 86 Power Bank Market for Digital Camera Applications, By Capacity, 2017–2024 (USD Million)
Table 87 Market for Digital Camera Applications, By Region, 2017–2024 (USD Million)
Table 88 Market for Digital Camera Applications in North America, By Country, 2017–2024 (USD Million)
Table 89 Market for Digital Camera Applications in Europe, By Country, 2017–2024 (USD Million)
Table 90 Market for Digital Camera Applications in APAC, By Country, 2017–2024 (USD Million)
Table 91 Market for Digital Camera Applications in RoW, By Region, 2017–2024 (USD Million)
Table 92 Power Bank Market for Portable Media Device Applications, By Capacity, 2017–2024 (USD Million)
Table 93 Market for Portable Media Device Applications, By Region, 2017–2024 (USD Million)
Table 94 Market for Portable Media Device Applications in North America, By Country, 2017–2024 (USD Million)
Table 95 Market for Portable Media Device Applications in Europe, By Country, 2017–2024 (USD Million)
Table 96 Market for Portable Media Device Applications in APAC, By Country, 2017–2024 (USD Million)
Table 97 Market for Portable Media Device Applications in RoW, By Region, 2017–2024 (USD Million)
Table 98 Power Bank Market for Other Applications, By Capacity, 2017–2024 (USD Million)
Table 99 Market for Other Applications, By Region, 2017–2024 (USD Million)
Table 100 Market for Other Applications in North America, By Country, 2017–2024 (USD Million)
Table 101 Market for Other Applications in Europe, By Country, 2017–2024 (USD Million)
Table 102 Market for Other Applications in APAC, By Country, 2017–2024 (USD Million)
Table 103 Market for Other Applications in RoW, By Region, 2017–2024 (USD Million)
Table 104 Power Bank Market, By Region, 2017–2024 (USD Billion)
Table 105 Market in North America, By Country, 2017–2024 (USD Million)
Table 106 Market in North America, By Battery Type, 2017–2024 (USD Million)
Table 107 Market in North America, By Capacity, 2017–2024 (USD Million)
Table 108 Market in North America, By Application, 2017–2024 (USD Million)
Table 109 Market in US, By Capacity, 2017–2024 (USD Million)
Table 110 Market in US, By Application, 2017–2024 (USD Million)
Table 111 Market in Canada, By Capacity, 2017–2024 (USD Million)
Table 112 Market in Canada, By Application, 2017–2024 (USD Million)
Table 113 Market in Mexico, By Capacity, 2017–2024 (USD Million)
Table 114 Market in Mexico, By Application, 2017–2024 (USD Million)
Table 115 Power Bank Market in Europe, By Country, 2017–2024 (USD Million)
Table 116 Market in Europe, By Battery Type, 2017–2024 (USD Million)
Table 117 Market in Europe, By Capacity, 2017–2024 (USD Million)
Table 118 Market in Europe, By Application, 2017–2024 (USD Million)
Table 119 Market in Germany, By Capacity, 2017–2024 (USD Million)
Table 120 Market in Germany, By Application, 2017–2024 (USD Million)
Table 121 Market in UK, By Capacity, 2017–2024 (USD Million)
Table 122 Market in UK, By Application, 2017–2024 (USD Million)
Table 123 Market in France, By Capacity, 2017–2024 (USD Million)
Table 124 Market in France, By Application, 2017–2024 (USD Million)
Table 125 Market in RoE, By Capacity, 2017–2024 (USD Million)
Table 126 Market in RoE, By Application, 2017–2024 (USD Million)
Table 127 Power Bank Market in APAC, By Country, 2017–2024 (USD Million)
Table 128 Market in APAC, By Battery Type, 2017–2024 (USD Billion)
Table 129 Market in APAC, By Capacity, 2016–2024 (USD Million)
Table 130 Market in APAC, By Application, 2017–2024 (USD Million)
Table 131 Market in China, By Capacity, 2017–2024 (USD Million)
Table 132 Market in China, By Application, 2017–2024 (USD Million)
Table 133 Market in Japan, By Capacity, 2017–2024 (USD Million)
Table 134 Market in Japan, By Application, 2017–2024 (USD Million)
Table 135 Market in South Korea, By Capacity, 2017–2024 (USD Million)
Table 136 Market in South Korea, By Application, 2017–2024 (USD Million)
Table 137 Market in India, By Capacity, 2017–2024 (USD Million)
Table 138 Market in India, By Application, 2017–2024 (USD Million)
Table 139 Market in Ro APAC, By Country, 2017–2024 (USD Million)
Table 140 Market in Ro APAC, By Capacity, 2017–2024 (USD Million)
Table 141 Market in Ro APAC, By Application, 2017–2024 (USD Million)
Table 142 Market in RoW, By Region, 2017–2024 (USD Million)
Table 143 Market in RoW, By Battery Type, 2017–2024 (USD Million)
Table 144 Market in RoW, By Capacity, 2016–2024 (USD Million)
Table 145 Market in RoW, By Application, 2017–2024 (USD Million)
Table 146 Market in Middle East & Africa, By Capacity, 2017–2024 (USD Million)
Table 147 Market in Middle East & Africa, By Application, 2017–2024 (USD Million)
Table 148 Market in South America, By Country, 2017–2024 (USD Million)
Table 149 Market in South America, By Capacity, 2017–2024 (USD Million)
Table 150 Market in South America, By Application, 2017–2024 (USD Million)


List of Figures (44 Figures)

Figure 1 Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Power Bank With Capacity Ranging 10,001–15,000 mAh Grow at Highest CAGR During Forecast Period
Figure 6 Market for Wearable Devices to Grow at Highest CAGR During Forecast Period
Figure 7 APAC to Hold Largest Share of Market in 2019
Figure 8 Rise in Usage of Smartphones to Create Attractive Growth Opportunities for Market Players
Figure 9 Market for Power Banks With Capacity Ranging 10,000–15,000 mAh Grow at Highest CAGR During Forecast Period
Figure 10 Lithium-Polymer Based Power Bank to Witness A Huge Demand in Coming Years
Figure 11 Smartphone Application to Hold Largest Size of Market From 2019 to 2024
Figure 12 US to Hold Largest Share of Market in North America By 2024
Figure 13 Inherent Advantages Drive Power Bank Market
Figure 14 Market: Major Value Added By Manufacturers and Component Providers
Figure 15 Power Bank Market, By Energy Source
Figure 16 Key Technologies Adopted in Electric Power Banks
Figure 17 Types of Solar Panels
Figure 18 Market Segmentation, By Capacity Range
Figure 19 Power Bank With Capacity Ranging 10,001–15,000 mAh Grow at Highest CAGR During Forecast Period
Figure 20 APAC to Dominate Market for Battery Capacity Ranging 1,000–5,000 mAh During Forecast Period
Figure 21 Wearable Device Application for Power Banks With 5,001–10,000 mAh Battery Capacity to Grow at Highest CAGR During Forecast Period
Figure 22 Lithium-Ion Battery Type Power Banks to Hold Larger Share of Market for 10,001–15,000 mAh Battery Capacity By 2024
Figure 23 Power Bank With Capacity Ranging 15,001 to 20,000 mAh and With More Than 2 USB Ports to Grow at Highest CAGR During Forecast Period
Figure 24 Smartphone Application to Account for Largest Share of the Market for Power Banks With Capacity Above 20,001 mAh During Forecast Period
Figure 25 Power Bank Market, By Battery Type
Figure 26 Market for Lithium-Polymer Battery-Based Power Bank to Grow at Higher CAGR From 2019 to 2024
Figure 27 Market, By Indicator
Figure 28 Power Bank With Digital Display to Grow at Higher CAGR From 2019 to 2024
Figure 29 Benefits of Led Lighting in Power Bank
Figure 30 Types of USB Ports
Figure 31 Power Bank Market, By Unit of USB Port
Figure 32 Market for Power Banks With More Than 2 USB Ports to Grow at Highest CAGR From 2019 to 2024
Figure 33 Market, By Application
Figure 34 Market for Wearable Devices to Grow at Highest CAGR From 2019 to 2024
Figure 35 Geographic Snapshot: India to Witness Significant Growth During Forecast Period
Figure 36 APAC Held Largest Share of Market in 2018
Figure 37 North America: Snapshot of Market
Figure 38 Europe: Snapshot of Market
Figure 39 APAC: Snapshot of Market
Figure 40 Power Bank Market: Ranking Analysis (2018)
Figure 41 Market (Global) Competitive Leadership Mapping, 2018
Figure 42 Adata: Company Snapshot
Figure 43 Xiaomi: Company Snapshot
Figure 44 Lenovo: Company Snapshot

The study involved four major activities in estimating the market size for power banks. Exhaustive secondary research has been conducted to collect information on the market, peer market, and parent market. Validation of these findings and assumptions with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation procedures have been used to estimate the market size of each segment and subsegment.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. Secondary sources include government sources, corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and professional associations. The secondary data has been collected and analyzed to arrive at the overall market size, which has been validated further through primary research.

Primary Research

The power bank market comprises several stakeholders, such as associations and industrial bodies, pneumatic system manufacturers, pneumatic system distributors and providers, manufacturers, research organizations and consulting companies, and technology investors. Extensive primary research has been conducted after understanding and analyzing the power bank market through secondary research. Several primary interviews have been conducted with market experts from both the demand- and supply-side vendors from across four regions—North America, Europe, APAC, and RoW. Approximately 20% of the primary interviews have been conducted with the demand side and 80% with the supply side. This primary data has been collected through questionnaires, emails, and telephonic interviews.

Power Bank Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the power bank market. These methods have also been used extensively to estimate the size of various subsegments in the market. The following method has been used to estimate the market size:

Bottom-Up:

  • Initially, a list of more than 25 companies offering power banks was identified. Their offerings were mapped based on battery type, unit of USB port, indicator, capacity, and applications.
  • The power bank market is at its initial stage of commercialization. As of now, only a few companies have commercialized their power banks.
  • After understanding the basic difference between various technologies of the power bank, based on the data gathered through primary and secondary sources, the power banks were categorized into different types.
  • The global power bank market was derived through the data sanity method. For each battery type, i.e., lithium-ion and lithium-polymer, the revenues of respective providers were analyzed through annual reports and press releases and summed to derive the overall market.
  • For each company, a percentage is assigned to their overall revenue or in some cases, segmental revenue to derive their income from the power bank. The percentage for each company is assigned based on the company’s product portfolio and its range of power bank offerings.
  • For the projected market values, the Y-o-Y was set to show a slow or steady growth initially till the year 2019 and a sharp upward slope after that, considering the commercialization of these batteries by various manufacturers.
  • For the CAGR, the market trend analysis of power bank was carried out by understanding the industry penetration rate, and the demand and supply of power banks for different end-use industries.
  • Further, the average selling price (ASP) of power bank types were identified based on secondary sources and validated from primaries. From the primaries and internal analysis, the shipment of power banks was calculated.
  • The estimates at every level were verified and crosschecked by discussing with key opinion leaders, including CXOs, directors, and operation managers, and with domain experts in MarketsandMarkets.
  • Various paid and unpaid information sources such as annual reports, press releases, white papers, and databases were studied.

Top-Down:

  • The global market size of power bank was estimated through data sanity of 25 major companies.
  • The growth of the power bank market has observed an upward slope trend during the studied period, as it is currently in the initial stage of the product cycle, with major players beginning to expand their market into various application areas.
  • Types of power banks, their features and properties, geographic presence, and key applications served by all players in the power bank market were studied to estimate and arrive at the percentage split of the segments.
  • Different types of power banks and their penetration for end-use applications that use or are expected to implement power banks in the near future were identified.
  • The market split for power bank by capacity, unit of USB port and battery type based on secondary research was estimated.
  • The demand generated by companies operating in different application segments of the end-use application was analyzed.
  • Ongoing and upcoming projects pertaining to the implementation of power banks by end-use applications were tracked, and the market size was forecasted based on these developments and other critical parameters.
  • Multiple discussions with key opinion leaders across major companies involved in the development of power bank and related components were conducted to validate the market split of individual capacity, unit of USB port, battery type, and applications.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To define and forecast the power bank market, in terms of value, by battery type, capacity, unit of USB port, indicator, and application
  • To describe and forecast the power bank market, in terms of value, by region—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), along with their respective countries
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of the power bank market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the power bank ecosystem
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with a detailed competitive landscape for market leaders
  • To analyze strategic approaches such as product launches, acquisitions, collaborations, contracts, agreements, expansions, and partnerships in the power bank market.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of a company. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 10)
Report Code
SE 3634
Published ON
May, 2020
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